US is once again the MOST GENEROUS nation on earth

[quote]NEW YORK (AP) – Americans gave nearly $300 billion to charitable causes last year, setting a new record and besting the 2005 total that had been boosted by a surge in aid to victims of hurricanes Katrina, Rita and Wilma – and the Asian tsunami. Donors contributed an estimated $295.02 billion in 2006, a 1 percent increase when adjusted for inflation, up from $283.05 billion in 2005. Excluding donations for disaster relief, the total rose 3.2 percent, inflation-adjusted, according to an annual report released Monday by the Giving USA Foundation at Indiana University’s Center on Philanthropy. Giving historically tracks the health of the overall economy, with the rise amounting to about one-third the rise in the stock market, according to Giving USA. Last year was right on target, with a 3.2 percent rise, as stocks rose more than 10 percent on an inflation-adjusted basis.

“What people find especially interesting about this, and it’s true year after year, that such a high percentage comes from individual donors,” Giving USA Chairman Richard Jolly said. Individuals gave a combined 75.6 percent of the total. With bequests, that rises to 83.4 percent. The biggest chunk of the donations, $96.82 billion or 32.8 percent, went to religious organizations. The second largest slice, $40.98 billion or 13.9 percent, went to education, including gifts to colleges, universities and libraries. About 65 percent of households with incomes less than $100,000 give to charity, the report showed. “It tells you something about American culture that is unlike any other country,” said Claire Gaudiani, a professor at NYU’s Heyman Center for Philanthropy and author of “The Greater Good: How Philanthropy Drives the American Economy and Can Save Capitalism.” Gaudiani said the willingness of Americans to give cuts across income levels, and their investments go to developing ideas, inventions and people to the benefit of the overall economy.

Gaudiani said Americans give twice as much as the next most charitable country, according to a November 2006 comparison done by the Charities Aid Foundation. In philanthropic giving as a percentage of gross domestic product, the U.S. ranked first at 1.7 percent. No. 2 Britain gave 0.73 percent, while France, with a 0.14 percent rate, trailed such countries as South Africa, Singapore, Turkey and Germany.

Mega-gifts, which Giving USA considers to be donations of $1 billion or more, tend to get the most attention, and that was true last year especially. Investment superstar Warren Buffett announced in June 2006 that he would give $30 billion over 20 years to the Bill and Melinda Gates Foundation. Of that total, $1.9 billion was given in 2006, which helped push the year’s total higher. Gaudiani said that gift reflects a growing focus on using donated money efficiently and effectively. “I think it’s also a strategic commitment to upward mobility exported to other countries, in the form of improved health and stronger civil societies,” she said. The Gates Foundation has focused on reducing hunger and fighting disease in developing countries as well as improving education in the U.S. Without Buffett’s pledge, it had an endowment of $29.2 billion as of the end of 2005.

Meanwhile, companies and their foundations gave less in 2006, dropping 10.5 percent to $12.72 billion. Jolly said corporate giving fell because companies had been so generous in response to the natural disasters and because profits overall were less strong in 2006 over the year before. The Giving USA report counts money given to foundations as well as grants the foundations make to nonprofits and other groups, since foundations typically give out only income earned without spending the original donations.[/quote] … index.html

Shouldn’t that be “WE is once again the MOST GENEROUS, etc., etc.”?

haha MT. That is US as in U for United and S as in States for a US (singular) verb (singular) is IS. Got it now?

Anything to say? Proud of your country? haha

Thanks for the clarification Fred. My heart is all aflitter. :America:

Rob from the poor, give to the poor.

Now, someone else doesn’t have to say it.

I suppose that when we would take the total for Europe we’d be up front …

Prove it.

Not really…a lower % of GDP plus a lower % of GDP is guess what…a lower % of GDP .

Prove it.[/quote]
Your charitableness just shines through Fred! :slight_smile: :rainbow:

Prove it.[/quote]

Prove what?

My guess is that US citizens ‘give’ a lot because of the tax breakes they get … this way of ‘giving’ is not really giving …

Europe does not offer tax breaks on charitable giving?

Regardless of the reasons, and I note that there are so many there who desperately want to qualify these or prove that “Europe gives more,” the fact remains that it is the US that gives the most. That is all that I am saying.

Charity from me? What are you thinking JD?

And the EU doesn’t? Bribes used to be tax deductable in the EU.

Bribes? Sales commissions you mean …

Bribes? Sales commissions you mean …[/quote]

Define sales commission :laughing: Anyway, it’s not legal anymore; even in the EU

Prove it.[/quote]
Germany: 1.1 *
UK: 0.73
Netherlands: 0.45
France: 0.14

Summary: 2.42

Beats your 1.7 anytime. And that’s only with 4 European countries. :raspberry:

[quote]Germany: 1.1 *
UK: 0.73
Netherlands: 0.45
France: 0.14

Summary: 2.42

Beats your 1.7 anytime. And that’s only with 4 European countries. [/quote]

I thought that little lure would troll our resident anti-American German and, sure enough, it did. Getting a bit sloppy though, eh Rascal? Surely, these figures should be AVERAGED and not ADDED? So what we get out of these four is not 2.42 percent but 0.605, right? That would be roughly one-third of the level of US giving per capita GDP, no?

Given your, uh, history with numbers I thought you wouldn’t notice. :wink:

Touche! haha

Back at you though. I think for that oversight, I may have to insist that you buy me a glass of wine at the next Happy Hour as penance.

Also, Rascal, buying me several glasses of wine at the next Happy Hour will enable you to raise your national score! I would really be helping YOU. haha

Isn’t giving to help those less fortunate a little er… liberal ? Surely the conservative way is to encourage others look after themselves ? Dead wood at all that ?